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Side-by-side financial comparison of ARDELYX, INC. (ARDX) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.

ARDELYX, INC. is the larger business by last-quarter revenue ($125.2M vs $110.0M, roughly 1.1× FIRSTSUN CAPITAL BANCORP). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs -0.3%, a 20.0% gap on every dollar of revenue. Over the past eight quarters, ARDELYX, INC.'s revenue compounded faster (64.9% CAGR vs 6.9%).

Ardelyx, Inc. is a commercial-stage biopharmaceutical firm developing and commercializing innovative therapies for gastrointestinal, cardiorenal and metabolic diseases with high unmet medical needs. Its lead product is approved in the US for irritable bowel syndrome with constipation, and it holds a robust pipeline of early and late-stage drug candidates.

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.

ARDX vs FSUN — Head-to-Head

Bigger by revenue
ARDX
ARDX
1.1× larger
ARDX
$125.2M
$110.0M
FSUN
Higher net margin
FSUN
FSUN
20.0% more per $
FSUN
19.6%
-0.3%
ARDX
Faster 2-yr revenue CAGR
ARDX
ARDX
Annualised
ARDX
64.9%
6.9%
FSUN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARDX
ARDX
FSUN
FSUN
Revenue
$125.2M
$110.0M
Net Profit
$-407.0K
$21.6M
Gross Margin
91.3%
Operating Margin
4.1%
Net Margin
-0.3%
19.6%
Revenue YoY
7.8%
Net Profit YoY
-108.8%
-8.4%
EPS (diluted)
$-0.01
$0.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARDX
ARDX
FSUN
FSUN
Q1 26
$110.0M
Q4 25
$125.2M
$110.2M
Q3 25
$110.3M
$107.3M
Q2 25
$97.7M
$105.6M
Q1 25
$74.1M
$96.2M
Q4 24
$116.1M
$98.7M
Q3 24
$98.2M
$98.2M
Q2 24
$73.2M
$96.2M
Net Profit
ARDX
ARDX
FSUN
FSUN
Q1 26
$21.6M
Q4 25
$-407.0K
$24.8M
Q3 25
$-969.0K
$23.2M
Q2 25
$-19.1M
$26.4M
Q1 25
$-41.1M
$23.6M
Q4 24
$4.6M
$16.4M
Q3 24
$-809.0K
$22.4M
Q2 24
$-16.5M
$24.6M
Gross Margin
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
91.3%
Q3 25
96.4%
Q2 25
87.3%
Q1 25
83.4%
Q4 24
84.3%
Q3 24
84.0%
Q2 24
87.1%
Operating Margin
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
4.1%
29.0%
Q3 25
4.2%
26.4%
Q2 25
-14.7%
31.2%
Q1 25
-49.0%
30.9%
Q4 24
7.0%
20.4%
Q3 24
2.3%
29.1%
Q2 24
-18.6%
32.3%
Net Margin
ARDX
ARDX
FSUN
FSUN
Q1 26
19.6%
Q4 25
-0.3%
22.5%
Q3 25
-0.9%
21.6%
Q2 25
-19.5%
25.0%
Q1 25
-55.5%
24.5%
Q4 24
4.0%
16.6%
Q3 24
-0.8%
22.8%
Q2 24
-22.5%
25.5%
EPS (diluted)
ARDX
ARDX
FSUN
FSUN
Q1 26
$0.76
Q4 25
$-0.01
$0.89
Q3 25
$0.00
$0.82
Q2 25
$-0.08
$0.93
Q1 25
$-0.17
$0.83
Q4 24
$0.01
$0.57
Q3 24
$0.00
$0.79
Q2 24
$-0.07
$0.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARDX
ARDX
FSUN
FSUN
Cash + ST InvestmentsLiquidity on hand
$68.0M
$413.7M
Total DebtLower is stronger
$202.8M
Stockholders' EquityBook value
$166.9M
$1.2B
Total Assets
$501.6M
$8.6B
Debt / EquityLower = less leverage
1.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDX
ARDX
FSUN
FSUN
Q1 26
$413.7M
Q4 25
$68.0M
$652.6M
Q3 25
$42.7M
$659.9M
Q2 25
$90.0M
$785.1M
Q1 25
$30.8M
$621.4M
Q4 24
$64.9M
$615.9M
Q3 24
$47.4M
$573.7M
Q2 24
$41.9M
$535.8M
Total Debt
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
$202.8M
Q3 25
$202.1M
Q2 25
$201.4M
Q1 25
$151.3M
Q4 24
$150.9M
Q3 24
$100.7M
Q2 24
$100.2M
Stockholders' Equity
ARDX
ARDX
FSUN
FSUN
Q1 26
$1.2B
Q4 25
$166.9M
$1.2B
Q3 25
$154.3M
$1.1B
Q2 25
$139.5M
$1.1B
Q1 25
$145.7M
$1.1B
Q4 24
$173.3M
$1.0B
Q3 24
$158.3M
$1.0B
Q2 24
$147.0M
$996.6M
Total Assets
ARDX
ARDX
FSUN
FSUN
Q1 26
$8.6B
Q4 25
$501.6M
$8.5B
Q3 25
$486.2M
$8.5B
Q2 25
$466.8M
$8.4B
Q1 25
$410.2M
$8.2B
Q4 24
$435.8M
$8.1B
Q3 24
$367.9M
$8.1B
Q2 24
$343.5M
$8.0B
Debt / Equity
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
1.21×
Q3 25
1.31×
Q2 25
1.44×
Q1 25
1.04×
Q4 24
0.87×
Q3 24
0.64×
Q2 24
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARDX
ARDX
FSUN
FSUN
Operating Cash FlowLast quarter
$21.0M
Free Cash FlowOCF − Capex
$20.6M
FCF MarginFCF / Revenue
16.4%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-44.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
$21.0M
$111.5M
Q3 25
$365.0K
$49.4M
Q2 25
$-25.3M
$15.0M
Q1 25
$-38.5M
$26.4M
Q4 24
$9.8M
$101.1M
Q3 24
$501.0K
$48.1M
Q2 24
$-19.4M
$20.9M
Free Cash Flow
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
$20.6M
$104.0M
Q3 25
$209.0K
$47.6M
Q2 25
$-26.0M
$13.0M
Q1 25
$-38.8M
$24.3M
Q4 24
$9.2M
$95.7M
Q3 24
$364.0K
$47.1M
Q2 24
$-19.5M
$19.9M
FCF Margin
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
16.4%
94.3%
Q3 25
0.2%
44.4%
Q2 25
-26.6%
12.3%
Q1 25
-52.3%
25.3%
Q4 24
7.9%
97.0%
Q3 24
0.4%
47.9%
Q2 24
-26.7%
20.6%
Capex Intensity
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
0.3%
6.8%
Q3 25
0.1%
1.6%
Q2 25
0.7%
1.9%
Q1 25
0.4%
2.1%
Q4 24
0.5%
5.5%
Q3 24
0.1%
1.1%
Q2 24
0.2%
1.1%
Cash Conversion
ARDX
ARDX
FSUN
FSUN
Q1 26
Q4 25
4.49×
Q3 25
2.13×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
2.11×
6.18×
Q3 24
2.15×
Q2 24
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARDX
ARDX

Product IBSRELA$86.6M69%
Product XPHOZAH$27.8M22%
Other$10.8M9%
Non Cash Royalty Related To Sale Of Future Royalties$1.4M1%

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

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